FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION _____________________ WASHINGTON, D.C. 20549 | OMB APPROVAL | |---------------------| STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287| |EXPIRES: | | JANUARY 31, 2005 | Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE | Securities Exchange Act of 1934, |BURDEN HOURS | Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 | Holding Company Act of 1935 |_____________________| or Section 30(h) of the Investment Company Act of 1940 --------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Lupo John S. ------------------------------------------------------------------------- (Last) (First) (Middle) c/o Rayovac Corporation, 601 Rayovac Drive ------------------------------------------------------------------------- (Street) Madison Wisconsin 53711 ------------------------------------------------------------------------- (City) (State) (Zip) --------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Rayovac Corporation (ROV) --------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) --------------------------------------------------------------------------- 4. Statement for Month/Day/Year 10/1/2002 --------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) --------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) --------------------------------------------------------------------------- 7. Individual, or Joint/Group Filing (Check Applicable Line) [ x] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person --------------------------------------------------------------------------- =========================================================================== TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED --------------------------------------------------------------------------- 1. Title of Security (Instr. 3) --------------------------------------------------------------------------- 2. Transaction Date (Month/Day/Year) --------------------------------------------------------------------------- 2A. Deemed Execution Date, if any (Month/Day/Year) --------------------------------------------------------------------------- 3. Transaction Code (Instr. 8) --------------------------------------------------------------------------- 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) Price: --------------------------------------------------------------------------- 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) --------------------------------------------------------------------------- 6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4) --------------------------------------------------------------------------- 7. Nature of Indirect Beneficial Ownership (Instr. 4) --------------------------------------------------------------------------- =========================================================================== TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) --------------------------------------------------------------------------- 1. Title of Derivative Security (Instr. 3) Stock Option (Right to Buy) --------------------------------------------------------------------------- 2. Conversion or Exercise Price of Derivative Security $12.20 --------------------------------------------------------------------------- 3. Transaction Date (Month/Day/Year) 10/1/2002 --------------------------------------------------------------------------- 3A. Deemed Execution Date, if any (Month/Day/Year) --------------------------------------------------------------------------- 4. Transaction Code (Instr. 8) A --------------------------------------------------------------------------- 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) Granted option to purchase 5,000 shares of Common Stock (A) --------------------------------------------------------------------------- 6. Date Exercisable and Expiration Date (Month/Day/Year) Immediately; 10/1/2012 --------------------------------------------------------------------------- 7. Title and Amount of Underlying Securities (Instr. 3 and 4) Common Stock; 5,000 Shares --------------------------------------------------------------------------- 8. Price of Derivative Securities (Instr. 5) --------------------------------------------------------------------------- 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 5,000 --------------------------------------------------------------------------- 10. Ownership Form of Derivative Security: Direct(D) or Indirect (I) (Instr. 4) Direct --------------------------------------------------------------------------- 11. Nature of Indirect Beneficial Ownership (Instr. 4) Not applicable. --------------------------------------------------------------------------- EXPLANATION OF RESPONSES: /s/ James T. Lucke, as attorney-in-fact October 3, 2002 ---------------------------------------- -------------------- ** SIGNATURE OF REPORTING PERSON DATE --------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the Form is filed by more than one reporting person, see, Instruction 4(b)(v). ** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a). NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY SIGNED. IF SPACE IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.